Petro Rio S.A. ADR fka HRPTY

[Northsun0]

dias55:

You are right about ANP having approved the HRT Rosneft deal. According to IR there is still a lot of work having to be done before Rosneft starts drilling.

I was also told they are looking at several properties before committing themselves to purchase any of them. As a production company they are able to borrow money, when they were strictly an exploration company they could not.

They hope to be announcing a Namibian farmin agreement by the end of this year or early next year with one of the many companies they are having meetings with.